Shanghai New World Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 05:34 am EDT
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Shanghai New World Co. Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,046.225 million compared to CNY 1,653.194 million a year ago. Operating income was CNY 36.877 million compared to CNY 1.038 million a year ago. Net income was CNY 70.632 million compared to CNY 36.624 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to CNY 0.06 a year ago.
Shanghai New World Co Ltd is a China-based company mainly engaged in department store retail enterprises integrating modern department stores, tourism, leisure and entertainment comprehensive consumption. The Company operates its businesses through four segments. The Commercial segment is principally engaged in department store retail. The Pharmaceutical Industry segment is mainly engaged in the sales of various types of chinese medicinal materials, chinese patent medicines, western medicines, ginseng and antler supplements, nutritional health products and medical equipment. The Hotel Services segment is principally engaged in the operation of Radisson brand hotels managed by Radisson Hotel Group. The Company is also engaged in other businesses segment. The Company mainly operates its businesses in the domestic market.
SHANGHAI NEW WORLD CO., LTD 
